Local Agencies Get Funding to Attract Foreign Investment
Thursday, October 25, 2012 @ 3:52 AM
Prince George, B.C.- The Northern Initiatives Trust, and Initiatives Prince George, are each getting a piece of the Federal Government’s “Invest Canada-Community Initiatives (ICCI)” program pie.
NDI Trust will receive $50 thousand dollars while IPG will collect $16,800. The money is to be used to help attract, retain and expand foreign direct investment in Northern and Interior BC.
“Both the federal government and municipalities share the objective of bringing new investment to communities across Canada. That is why we are proud to support activities by both Northern Development Initiative Trust and Initiatives Prince George to attract investment” Says Prince George –Peace River MP Bob Zimmer.
In all, the ICCI program will distribute $3 million dollars through 86 communities in the country.
Comments
What, no trip to China?! Someone get a hold of Queen Green and let her know how it’s done!
If there was anything truly profitable to invest in, why is ‘foreign’ investment so desired over encouraging Canadians to invest in the same things themselves? Could it be that there ISN’T really all that much of a ‘global’ demand for our resources after all? Not enough of a one to return an adequate profit on the capital invested when using the conventional conception domestic investors would have in regards to the way accounting works?
“the ICCI program will distribute $3 million dollars through 86 communities in the country.”
WOW!!!!!
Do they actually have to produce these “foreign” investors? or could they just sit and think wishfully …. hoping for the best?
Be careful now. Otherwise that money may end up being “invested” in foreign countries for food and lodging …… LOL
Christmas bonus’s…..;[
How crazy can it get. Now Heather will also want to go to china.
Cheers
If they both are getting money from the same government program doesn’t that suggest they are doing the same thing?
And if they are duplicating efforts with our tax dollars, why the heck do we need both of them? Talk about waste.
It would be better if these two economic development organizations merged. At the very least it would save on overhead and perhaps save a bit on the big tax dollars being paid to the two CEO’s as we would then only need one leader who is feasting on our tax dollars and running their publicly funded organization like their own private empire. The good news is I am sure that is something the Core Review will identify.
Oh yes,but were will the bonus come from then? watch off to China they go why not no investment to be had in BC…..
Facts are this investment by the fed is not even .01% of the IPG budget.
The IPG budget is paid for by property taxes in PG… the vast majority from home owners in the city of PG.
Foreign investment and trade initiatives for northern BC are provincial and federal areas of responsibility and not the responsibility of home owners in PG.
What has happened is MP Bob Zimmer has downloaded federal responsibility to the home owners of PG. This is the federal conservative way of balancing their budgets… small amount of pocket change to deflect their responsibility to lower levels of government.
IPG should tell them to keep their money and focus on PG issues with the PG tax dollars that pay their budget… better yet IPG should just be shut down and PG should attract investment by having good fiscally responsible government policy.
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